Austrian company OMV won a court case against Gazprom regarding gas supplies.


Stockholm Chamber of Commerce rules in favor of OMV
Austrian oil and gas company OMV has won a dispute regarding the gas supply contract. The Stockholm Chamber of Commerce has set a compensation of 48 million euros that 'Gazprom Export' must pay to OMV. This was reported in OMV's fourth quarter report for 2024.
The court's decision was made on January 3, 2025, and includes compensation for violations of the Austrian gas supply contract. Another impact on OMV's financial situation is reflected in their report for 2025.
OMV notes that Russia's invasion of Ukraine and the consequences of sanctions led to disruptions in gas supplies to Austria, causing significant losses for the company due to high gas prices and instability.
In January 2023, OMV approached the Stockholm Chamber of Commerce claiming compensation for losses due to supply disruptions from 'Gazprom Export'. After the complete cessation of supplies, OMV terminated the contract with immediate effect.
As of December 23, 2024, OMV announced a partial write-off of losses amounting to 48 million euros against the Austrian gas supply contract. However, due to the lengthy legal process at that Time, OMV did not include this income in the report for 2024 and considered it a contingent asset.
Read also
- Eastern flank of NATO: Germany promises to protect Lithuania from the threat of the Russian Federation
- President of Romania: The main goal of the new government is overcoming the budget crisis
- 'Group of Seven': The finance ministers discussed strengthening sanctions against Russia
- The Secrets of DOGE: The White House Blocks Access to Information About Musk's Team Activities
- Part of Ukraine will be hit by a cold snap and rain with thunderstorms: Didenko warned about the atmospheric front
- Dollar exchange rate in Ukraine: expert reported whether to expect surprises before June 1